Angel Fund

Startup Story : Parcelport

Parcelport is the Fourth Company Funded by Zino Ventures

Parcelport, is the fourth company funded by Zino Ventures. The angel round was led by Mr George Gong and Mr Nelson Wang as existing shareholders in Parcelport. Other investors in this round including Ice Angel Nominees Limited, New Zealand’s largest angel network and Graham Roberts, former managing director of DHL New Zealand and Director of DHL Asia Pacific and TNT Asia Pacific.

Parcelport, a privately held company, recently partnered with global transport and logistics group TNT and New Zealand Post to service New Zealand exporters, Wu said. Parcelport focuses on servicing small and medium-sized enterprises (SME) while its larger competitors focus on bigger businesses. An SME would place its customer’s consignment order with Parcelport which would assign the job to the appropriate courier company for delivery, Wu noted. Parcelport calculates the freight cost, prints tickets and shipping labels for the courier, and tracks the delivery.

Parcelport is planning to set up a South East Asia office in Kuala Lumpur, Malaysia as it is close to Singapore where he might be able to raise capital, Malaysia also has government incentives to assist with foreign investment Wu said. Indonesia, Thailand and Vietnam would be the next for the company’s expansion due to their growing middle class, Wu stated. Southeast Asia also has a strong emerging e-commerce market selling to North America, Europe and China, which Parcelport is working to service, he added.

Wu founded the company in 2011 which experienced good growth traction, in 2016 the company was listed as one of the 500 fastest growing technology companies in the Asia Pacific by Deloitte, and it was finalist in the Auckland Westpac Best Emerging Business Award in 2017, the company now has 10 employees in its Auckland head office.